By Marion Marking On September 25, 2019

“Why is it important to grow?” Phil Shawe asked the sold-out SlatorCon San Francisco 2019 audience as he outlined the principles he credits for TransPerfect’s success. The answer of choice from a participant: Survival.

TransPerfect CEO Shawe said if anybody ever does the math on a typical language service provider (LSP), and that LSP wants to give its employees a 5% raise each year, and there’s zero growth while efficiency stays constant, then that LSP will be out of business in five to seven years.

“You could get more efficient and you don’t have to grow. But even with the greatest MT in the world, eventually, your efficiency flattens out,” Shawe said.

Continue reading on Slator
https://slator.com/slatorcon/survival-by-growth-phil-shawe-on-maintaining-transperfects-momentum/